Merkel has Rejected any Possible Financial Support for the Italian bank

German Chancellor Angela Merkel says she will approach Italy's populist new government with an open mind and try to work with it "instead of speculating about its intentions". First, she supports the idea of turning the euro zone's ESM bailout mechanism into a European Monetary Fund that could offer short-term loans for countries under economic stress. Most Eastern European states have shunned the deal, leaving countries like Greece and Italy complaining of unfair burdens.

"I am in favor of President Macron's proposal for an intervention initiative", Merkel said, reported Politico.

The general secretary of the Social Democrats, Merkel's coalition partner, said Sunday that she must explain when she became aware of the problems.

Merkel told the Frankfurter Allgemeine Sonntagszeitung ahead of a crunch European Union summit this month that Germany as the eurozone's top economy would support an investment budget whose total would be "at the lower end of the double-digit billions of euros range". "This is very pleasing", SPD leader Andrea Nahles told the ARD public broadcaster.

She also said the EMF should be able to assess the debt sustainability of member states and "the instruments needed to restore this if necessary" - a nod to debt restructuring, which France opposes.

The chancellor also said she backed an investment budget for the euro zone, which would possibly be in the "low two-digit billions of euros" and gradually introduced to address structural weaknesses of member states.

Roseanne Barr 'examining options' as she weighs up fightback
But cancelling " Roseanne " is "like taking off "All in the Family" or "I Love Lucy" or Andy Griffith at their zenith", he said. The move came after Roseanne Barr tweeted a comment (now deleted) about former president Obama aide Valerie Jarrett .

German Chancellor Angela Merkel laid out in a newspaper interview her ideas for more European integration, including the creation of a joint refugee agency that would determine asylum requests on the continent's borders.

Italy's government was sworn in on Friday, ending months of political turmoil, but investors remain nervous as it promises to increase spending, slash taxes and challenge European Union fiscal rules.

Italy's new interior minister, Matteo Salvini, has said that Italians "aren't the slaves" of European Union powerhouses Germany and France.